Tariff authority decision still awaited from Supreme Court
Tariff authority by second-term Republican President Donald Trump was not decided by the U.S. Supreme Court on Friday, meaning the federal government can continue to collect the revenue for now.
Businesses around the world had braced for a possible decision, but the high court released an unrelated opinion. The opinion could come nearly any time before the end of June.
Trump has made tariffs a central part of both his domestic and foreign agendas during his second term. Last April, Trump imposed import taxes of at least 10% on every U.S. trading partner. Since then, the president has suspended, changed, increased, decreased and reimposed tariffs under the 1977 International Emergency Economic Powers Act.
A group of states and small businesses challenged Trump’s tariffs under the 1977 law, winning in two lower courts before the administration appealed to the Supreme Court.
The high court agreed to hear the case on an expedited basis, given the economic stakes at issue. The Trump administration could be forced to refund more than $133.5 billion in tariffs to importers if the Supreme Court sides with the states and small businesses in the case.
Trump has called the case one of the most important of all time and said that an unfavorable ruling could result in economic ruin for America.
Businesses have reported that tariffs have pushed up prices for consumers.
Latest News Stories
Meeting Briefs: Frankfort Square Park District for April 17, 2025
Lincoln-Way District 210 Board Briefs
Frankfort Township Board Unanimously Opposes Government Consolidation
Frankfort Township Upgrading Senior Apartments Amidst High Demand
Outdoor Bar Expansion Gets Green Light from Frankfort Township
Meeting Briefs: Frankfort Township Board for April 14, 2025
Comprehensive Plan Update Proceeds Despite Request from Incoming Officials
Township Sees Significant Growth as Assessor Reports 39 New Home Construction Sites
Township Trustee Defends Building Renovation Project, Addresses Parking Concerns
Green Garden Township News Briefs – February 2025
Fire District Receives Clean Audit, Adds 9 New Firefighters Despite Staff Departures
Parents Allege Major PowerSchool Breach, Bullying Ignored by Peotone School Officials